5/36 Fairway StreetFrankston VIC 3199
Property Details for 5/36 Fairway St, Frankston
5/36 Fairway St, Frankston is a 12 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1971. The property has a land size of 1169m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in January 2025. There are other 12 bedroom Unit sold in Frankston in the last 12 months.
Last Listing description (July 2025)
Discover an exceptional investment opportunity with this prime block of land featuring six well-maintained rental units (seperate titles), currently generating an impressive rental yield of over 5%. This property not only offers immediate cash flow but also presents a unique title-holding opportunity for developers and investors alike.
Envision the future! With ample space for expansion, you have the potential to add more units (STCA), tapping into the increasing demand for housing in this vibrant area. Alternatively, consider a redevelopment project to unlock even greater valuetransforming this site into a modern residential or mixed-use development.
Strategically located and brimming with possibilities, this property is a rare find in today's market. Whether youre a seasoned developer or an astute investor looking to diversify your portfolio, this is your chance to make a lasting impact.
Dont let this opportunity pass you by! Contact us today to explore the potential and secure your stake in this promising venture!
Property History for 5/36 Fairway St, Frankston, VIC 3199
- 13 Jan 2025Listed for Sale $2M - $2.2M (Add More Units or Redevelop, STCA!)
- 09 Jan 2025Sold for $950,000
- 30 Apr 2024Listed for Rent $370 / week
Recent sales nearby
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0About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.
Frankston has 21,756 properties. Over the last 5 years, Houses in Frankston have seen a 37.66% increase in median value, while Units have seen a 34.11% increase. As at 30 November 2025:
- The median value for Houses in Frankston is $855,978 while the median value for Units is $580,928.
- Houses have a median rent of $570 while Units have a median rent of $480.
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